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On Thursday, European stocks started higher because a fresh batch of corporate earnings reports was closely watched. Traders also paid attention to the final data on euro zone inflation.
The EURO STOXX 50 tacked on 0.39%, France’s CAC 40 gained 0.41%, Germany’s DAX 30 added 0.44%.
As for financial stocks, they mostly gained, as French lenders Societe Generale as well as BNP Paribas rallied 0.09% and 0.17% respectively. Meanwhile, Germany's Commerzbank and Deutsche Bank soared 0.97% and 1.44% respectively.
Meanwhile, peripheral lenders, including Spanish banks Banco Santander and BBVA earned respectively 0.38% and 0.61%. In Italia, Intesa Sanpaolo and Unicredit definitely underperformed, with equities down 0.53% and 0.72% respectively.
FTSE 100 tacked on 0.2% higher in London, backed by 3i, whose equities gained 3.40% after the company posted a total return sag to £655 million for the six months by September 30 versus £1 billion in the same period of the previous year.
On Wednesday, American stock index futures headed south because dismal data out of China affected market sentiment, while traders waited for more developments related to the US-China trade conflict…
On Wednesday, Italian stocks led losses in the European Union right after the country's deputy prime minister told that Rome considers breaking EU fiscal rules, thus masking early revenue powered by optimism around the US-China trade conflict…
On Tuesday, another US-China tariff conflict escalation put pressure on Asian stocks, although remarks from American leader that he expects trade talks to be successful backed market sentiment…
In July, Britain's inflation rate rallied for the first time in 2018, thus leaving many UK households feeling quite squeezed by prices, soaring at nearly the same tempo as their wages…
On Friday, the evergreen buck rallied versus its counterparts after data disclosed that the American economy generated more jobs than anticipated In October, thus backing the Fed’s case to proceed with gradual rate lifts…
On Tuesday, gold rallied because uncertainty over the latest developments in Britain’s departure from the EU backed safe haven demand and traders looked ahead for American inflation data to underpin the Fed’s pledge to remain on hold…
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